nicely said and i agree
but the power of technical analysis is no less then fundamentals , with TA we can make money without knowing or having desire to know anything about stock or market overall..............not only that , we can use this power for long term investing also .
i know nothing much about fundamentals of reliance, tv18, fsl, etc ..............but i know all of them are good long term bets..............not short of 3 times bagger atleast and maybe upto 10 times , in 5-10 years .
i have a belief that my Ah-Ha moment in technicals has come some 6 months back when i bought FSL for long term investing @12.50 rs a piece .............now trading @27 .
i bought reliance @870........cmp-960
tv18 @22.80.....cmp-28........